The company unveiled its third-quarter 2021 results on November 3. Total base earnings rose to $870 million compared to $679 million in the previous year. Meanwhile, base earnings per share increased to $0.93 over $0.73 in the third quarter of 2020. Great-West was powered by its aggressive acquisition strategy and strong organic growth.
Base earnings in its Canada segment were reported at $312 million – up 16% from the previous year. Its United States segment posted base earnings growth of 166% to $149 million. Moreover, net earnings rose to $138 million over $84 million in Q3 2020.
Great-West’s European segment delivered base earnings growth of 27% to $232 million. It received a boost due to a strong performance in the United Kingdom and Ireland.
This is a dividend stock that is worth snatching up after its Q3 earnings. It offers nice value and an enticing dividend.